Tenax Therapeutics' (TENX) CEO John Kelley on Q4 2015 Results-Earnings Call Transcript.
Answer Wiki. I honestly don't think there's a plus to a debit card. It's not as secure as credit (if you get theft ed say goodbye to your money), there's no perks, and there could be potential fees (overdrafting, etc). Other then getting money from ATMs, I can't think of a reason to use them. The minus for credit is the ease of debt.
Credit expenses to zero it out because it has a debit normal balance and debit income summary. The income statement is also called the profit and loss report. If your company made a profit, the income statement has a debit balance; if it has a credit balance, your company lost money.